German drone startup Wingcopter closes a $22M Series A round
Wingcopter, a developer, manufacturer and operator of unmanned delivery drones, has raised $22 million in a Series A funding round led by Silicon Valley-based Xplorer Capital and Futury Regio Growth Fund, a Germany-based growth capital fund. Futury Ventures and Hessen Kapital III also joined the round.
Founded in 2017 by CEO Tom Plümmer, Ansgar Kadura and Jonathan Hesselbarth, Wingcopter provides worldwide drone solutions for commercial and humanitarian applications. The startup focuses on the delivery of medical goods, parcels and food.
The raised funds will help Wingcopter to develop drone-based logistics, with a special focus on healthcare-related applications, including the distribution of COVID-19 vaccines.
“Poor infrastructure has always been a barrier, especially for healthcare provision, impacting billions of lives – a situation further exacerbated by COVID-19. With the support and powerful networks of our investors we are taking a huge step closer to fulfilling our vision of creating efficient and sustainable drone solutions that improve and save lives everywhere,” Plümmer said.
The startup will also spend the part of fresh capital on setting up an automated serial production in its new headquarters in Weiterstadt, as well as to expand the team in the fields of flight testing, certification, production, and software development.